Harleysville National Corporation Dividend Up 18.4%; Special Cash Dividend Also Declared
16 11월 2004 - 12:21AM
PR Newswire (US)
Harleysville National Corporation Dividend Up 18.4%; Special Cash
Dividend Also Declared HARLEYSVILLE, Pa., Nov. 15
/PRNewswire-FirstCall/ -- The Board of Directors of Harleysville
National Corporation (HNC) (NASDAQ:HNBC) declared a regular cash
dividend of $.18 per share on 26,195,707 shares of outstanding
common stock. The dividend, which represents an 18.4% increase over
the regular dividend paid in the same period last year, is payable
December 15, 2004, to shareholders of record on November 26, 2004.
In addition to the regular dividend, the Board of Directors also
approved a special cash dividend of $.04 per share to shareholders
of record on November 26, 2004, payable December 15, 2004. "We are
pleased that our strong financial performance has, once again,
enabled us to reward our loyal shareholders," said Walter E.
Daller, Jr., Chairman, President and CEO. "Total cash dividends
paid during 2004 were $.715 per share, a 14.8% increase from the
$.623 per share paid last year. All dividend numbers have been
adjusted to reflect the 5% common stock dividend we paid in
September 2004," he added. Harleysville National Corporation, with
assets of $2.98 billion, is the holding company for Harleysville
National Bank (HNB). Investment Management and Trust Services are
provided through Millennium Wealth Management and Private Banking,
a division of HNB, with assets under management exceeding $1.4
billion. Cumberland Advisors, Inc., a registered investment advisor
specializing in fixed-income money management and equities, using
exchange- traded funds, is also a part of Millennium Wealth
Management and Private Banking. Harleysville National Corporation
stock is traded under the symbol "HNBC" and is commonly quoted
under Nasdaq National Market Issues. For more information, visit
the HNC Web site at http://www.hncbank.com/. This press release may
contain forward-looking statements as defined in the Private
Securities Litigation Reform Act of 1995. Actual results and trends
could differ materially from those set forth in such statements due
to various factors. Such factors include the possibility that
increased demand or prices for the Company's financial services and
products may not occur, changing economic and competitive
conditions, technological developments, and other risks and
uncertainties, including those detailed in the company's filings
with the Securities and Exchange Commission. DATASOURCE:
Harleysville National Corporation CONTACT: Walter E. Daller Jr.,
Chairman, President and CEO, Harleysville National Corporation,
+1-215-256-8851 ext. 2300 Web site: http://www.hncbank.com/
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